There is no traditional plan where you can expect good returns. The returns, even in 15 years, will be less than your bank FD rates. So, it’s better to invest in FD, PPF, Gold ETF, mutual funds. To cover risk, take online term insurance.
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Your LIC will get paid up value only after 3 years. That means you can surrender your policy after 3 years and not before that. And then, you’ll get value as all premiums paid + bonus – premium of 1st year.
So, it’s better you forget your policy and stop paying further premium. You’ll anyway lose 1st year premium.

Invest in PPF, Gold ETF, equity mutual funds. For risk cover, take online term insurance plans.
And next time, research fully before taking any insurance policy.
Admin